Ethereum, the second biggest coin by the market cap, is currently trading at $184.59, as per CoinMarketCap. Its ATH back in 2017 was around $1,200 and many still believe that the price of the coin may surge back to the old ATH and even to a new one.
Crypto Twitter still believes in ETH
Ethereum has not been aggressively promoting itself unlike some other cryptocurrency projects, making a bet on developments, not on social media presence.
The crypto trader @CryptoWelson calls ETH ‘significantly undervalued’ and says that buying ETH at the current price is still very much worthwhile as the ETH quotes are likely to surge in the long term.
Regardless of what $ETH does in the short term, the long term holders know the potential of this coin.— CryptoWelson ? (@CryptoWelson) October 13, 2019
It’s stayed in the top 3 for years for a reason. It’s Bitcoins main competitor and is significantly under valued.
Buying $ETH sub 200$ is like buying $BTC in 2015.
Another crypto trader, @TheCryptoDog, seems to feel nostalgic about earlier years, when Ethereum in percentage brought its investors much higher yields, than Bitcoin. Back in the fall 2017, the ETH price quickly made it from around $300 to $800 and then the price got over $1,200 before dropping along with Bitcoin and other crypto assets.
I was $btc only until a friend of mine pitched me $eth in 2016.— The Crypto Dog? (@TheCryptoDog) October 13, 2019
"Wait a second, we already have Bitcoin, why the hell do we need another one?"
He laughed. I laughed. He made a 400x, I made a 12x.
A trader is bullish on BTC, ETH, XRP, EOS
A crypto trader has made a bullish forecast on several altcoins along with Bitcoin. The list includes BTC, ETH, XRP and EOS.
As per @SalsaTekila, ETH may hit the $250 level soon. Bitcoin is likely to rise to $9,300.
Active positions:— SalsaTekila (JUL) (@SalsaTekila) October 14, 2019
1) $XRP: SWELL coming, next 2 weeks planning to sell the fucking pump.
2) $EOS: thinking 3.5$ area if it breaks up.
3) $ETH: 250$ possible.
I think $BTC goes 9300$ area next... $ALTS better trend trades so will day-trade it only.
Do you believe the ETH price will recover its 2017 ATH in the short term? Feel free to share your opinion in the comments section!